PowerShares VRDO Tax-Free Weekly (NYSEMKT:PVI)

CAPS Rating: 1 out of 5

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Player Avatar TerryHogan (99.94) Submitted: 8/14/2012 4:03:20 PM : Underperform Start Price: $24.97 PVI Score: +41.88

All this ETF will ever produce is an equivalent to short-term rates paid by municipalities. Since they're tax-free yields, I'd imagine the rates will be even lower than short-term corporate rates. So basically you're getting nothing after the management fee. I can't believe anyone buys this crap.

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